Beat milk, eggs, sugar, raspberry preserves and vanilla. With large spoon, mix in bread and white chocolate chips and let sit for 20-30 minutes. In the mean time, melt butter and pour in the bottom of a 9"X13" pan. Place pan on baking sheet and bake at 350 degrees for 1 hour.

SAUCE:Mix all ingredients together in sauce pan, making sure egg is fully mixed in. Simmer on stove, stirring constantly for 3-5 minutes, until sugar is fully melted.